Web3 executive emphasizes the significance of Ethereum VM for Bitcoin’s optimal performance

Web3 executive emphasizes the significance of Ethereum VM for Bitcoin’s optimal performance

Bitcoin adoption will only occur in the mainstream when it connects to the Ethereum Virtual Machine (EVM), according to Willem Schroé, the founder of Botanix Labs. Schroé argues that for Bitcoin to increase its adoption and utility, it must start participating in the EVM world, as the EVM is the application layer for the global … Read more

Scrutiny Intensifies as $20M Real-World Asset Loan Goes Bad on DeFi Platform Goldfinch

Scrutiny Intensifies as M Real-World Asset Loan Goes Bad on DeFi Platform Goldfinch

The recent news of a $5 million loan default on Goldfinch made to an African robotaxi company has raised eyebrows in the financial community. This default serves as a reminder of the risks associated with lending to emerging markets and the challenges faced by innovative startups in these regions. Goldfinch, a prominent financial institution, had … Read more

Is XRP Poised for a Breakthrough as It Nears $0.55?

Is XRP Poised for a Breakthrough as It Nears alt=

XRP, the cryptocurrency associated with Ripple, has recently been attracting attention due to its price dynamics. Despite the volatile nature of the crypto market, XRP appears to be trending towards a notable upswing. However, it has repeatedly faced resistance at the $0.55 level, which has proven to be a tough barrier for XRP enthusiasts. In … Read more

Komainu, Owned by CoinShares, Attains Crypto Custodian Registration in UK

Komainu, Owned by CoinShares, Attains Crypto Custodian Registration in UK

Komainu, a cryptocurrency custody firm co-created by CoinShares, Ledger, and Nomura, has received major regulatory approval in the United Kingdom. The company announced on October 6th that it has been approved by the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds … Read more

Is DeFi Growth Evident as Tron TVL Surpasses $15 Billion?

Is DeFi Growth Evident as Tron TVL Surpasses  Billion?

The Tron (TRX) DeFi ecosystem has experienced significant growth and development, indicating an increase in interest and participation from users and investors. This growth is not limited to decentralized finance alone, as the Tron ecosystem’s TRX token staking has also seen an upward trajectory. This correlation suggests a more robust and dynamic Tron ecosystem. One … Read more

Cosmos: A Promising Contender for 2024 – Might it Outshine Ethereum?

Cosmos: A Promising Contender for 2024 – Might it Outshine Ethereum?

Cosmos, a blockchain platform aiming to compete with Ethereum, has unveiled its roadmap for 2024. The roadmap focuses on increasing modularity, enhancing the developer experience, addressing technical debt, and driving user adoption. Cosmos plans to attract developers from other platforms as they work to repay the technical debt and make the Cosmos SDK more modular. … Read more

Big Banks like JPMorgan and Citi Excited About Tokenizing Real-World Assets (RWA) as DeFi Seeks Collateral

Big Banks like JPMorgan and Citi Excited About Tokenizing Real-World Assets (RWA) as DeFi Seeks Collateral

The journey towards the public Ethereum mainnet has always been a sensitive matter, primarily due to banks’ cautious perception of public blockchains. These financial institutions have long viewed them as reputational and compliance risks. Tyrone Lobban, JPMorgan’s head of Onyx Digital Assets, acknowledged the significant evolution of the public Ethereum chain from the proof-of-work consensus … Read more

Uniswap Reveals Funding Strategy for Ecosystem Overhaul Amidst 4-Month Low in UNI Price

Uniswap Reveals Funding Strategy for Ecosystem Overhaul Amidst 4-Month Low in UNI Price

In a recent development, the Uniswap Foundation (UF) has submitted a proposal to secure the second tranche of funding, aiming to advance their vision of creating a self-sovereign Internet with a permissionless alternative to traditional finance. The desired funding amount is $62.37 million, and it will be put to an on-chain vote, scheduled for October … Read more